23-Feb 1 for 30 Reverse split at Share price .07 New PPS 2.1
25-Jul divide current PPS by 30 to find pre RS-PPS equivalent Share Price .35/30= 0.011666667
Going forward
.07/.01167 = 5.99 (599%) RNVA must gain 599% to return to pre RS PPS
1-(.01167/.07) = 83.3% RNVA has dropped 83.33% since 23 Feb
.35*5.99 = 2.0965
It is safe to believe that RNVA could return to 2.1. Examples: IDXG, AVEO, MBRX, SPEX
Needed catalysts: smooth opening of hospital, good earnings report, follow through on spin-off
Gains Table 1 + % return (until 2 aka doubling) Tgt Ask
0.35 1.05 0.3675
0.35 1.1 0.385
0.35 1.15 0.4025
0.35 1.2 0.42
0.35 1.25 0.4375
0.35 1.3 0.455
0.35 1.4 0.49
0.35 1.5 0.525
0.35 1.6 0.56
0.35 1.7 0.595
0.35 1.8 0.63
0.35 1.9 0.665
0.35 2 0.7
Short term = neutral to bullish 60-90 days = bullish 90-120 days = neutral to bearish
25-Jul divide current PPS by 30 to find pre RS-PPS equivalent Share Price .35/30= 0.011666667
Going forward
.07/.01167 = 5.99 (599%) RNVA must gain 599% to return to pre RS PPS
1-(.01167/.07) = 83.3% RNVA has dropped 83.33% since 23 Feb
.35*5.99 = 2.0965
It is safe to believe that RNVA could return to 2.1. Examples: IDXG, AVEO, MBRX, SPEX
Needed catalysts: smooth opening of hospital, good earnings report, follow through on spin-off
Gains Table 1 + % return (until 2 aka doubling) Tgt Ask
0.35 1.05 0.3675
0.35 1.1 0.385
0.35 1.15 0.4025
0.35 1.2 0.42
0.35 1.25 0.4375
0.35 1.3 0.455
0.35 1.4 0.49
0.35 1.5 0.525
0.35 1.6 0.56
0.35 1.7 0.595
0.35 1.8 0.63
0.35 1.9 0.665
0.35 2 0.7
Short term = neutral to bullish 60-90 days = bullish 90-120 days = neutral to bearish
Trade closed: stop reached:
Ugh....I stopped trading penny stocks because of this company. Now long only on tickers with options.